Nilesh bought some quantity of barley for ₹5,000. Half of it is sold at a profit of 20%. If Nilesh wishes to make a profit of 15% on the whole, find the selling price (in ₹) of the remaining barley.

Correct option is C

Given:

Cost price of barley = ₹5,000

Half of the barley is sold at a profit of 20%.

Overall desired profit = 15%.

Formula Used:

Selling Price of Remaining Barley = Overall Selling Price − Selling Price of First Half

Overall Selling Price = Cost Price × (1+$$\frac{100}{Profit \ Percentage}$$​)

Solution:

Cost Price of Half the Barley = $$\frac{5,000}2$$​ = 2,500

Selling Price of First Half = 2,500 × (1 + $$\frac{20}{100}$$​)

= 2,500 × 1.2

= 3,000

Overall Selling Price:

= 5,000 ×  (1 + $$\frac{15}{100​}$$​)

= 5,000 × 1.15

= 5,750

Selling Price of Remaining Barley = 5,750 − 3,000 = ₹2,750